Iron Ore DCE January24 Daily Technical Review 22/08/23

Verdict- Neutral.

DCE Jan24 contract rebounded slightly as expected. Hourly MACD widened in bullish territory. CCI entered bullish territory. Short-run signals were indicating a resilience of current trend. Iron ore maintain strong as long as supported by 784.0 level in mid-run.

First support 784.0. First resistance 836.5.